2 Factory Alley, Norfolk, ON

$1,399,900
MLS#:X8400598
5 beds
3 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Waterford. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,399,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 105 x 212 ft lot
  • Features a finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Carpet Free, In-Law Capability, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Dreaming of Muskoka living but wish it wasn't so far? Well, Your dreams have come true. Welcome to one of the rarest opportunities available today, Waterfront in Waterford.. Welcome HOME to 2 Factory Alley. Waterford is home to many attractions that bring people from all over Ontario to this tranquil little town, from Pumpkinfest, Lavender fields and endless trails to the most famous, Waterford Ponds. The Waterford ponds got their name many years ago and have spread across the areas, drawing people from all over to come and see the absolute picturesque scenery and breathtaking sunsets. Shadow Lake is the most famous of the ponds, and this property enjoys over 120 feet of waterfront views. As you pull up, it's hard to ignore just how serene it really is. This property was transformed into nothing short of a masterpiece and it's not afraid to brag about it. You will immediately notice the completely finished stucco exterior, complemented with brand new black windows to perfectly compliment the flawless modern design. Open the door and prepare to be stunned with how simply and truly unbelievable every inch of this home is. A vaulted pocket ceiling filled with custom lighting that can dance to any mood you're in, Quartzite stone covering not only the entire kitchen, but also surrounding the dramatic entertainment wall with 10 foot electric fireplace and built in TV. Impeccable luxury vinyl floors and not 1, but 2 patio doors to give you a floorplan ideal for hosting large or intimate gatherings year round and showcasing over 30 feet of almost unobstructed lake views. Boasting 5 bedrooms, a primary that has an en-suite and patio doors, you will be waking up to the sunrise over the water everyday. 3 full bathrooms, one with a steam room for relaxing after a long day and a fully finished basement with a walk out to the patio and your private dock. If you want to live life on the water, this is YOUR chance to chase your DREAMS. Welcome HOME. **OFFERS REVIEWED ON JUNE 11TH**

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Property Summary

This detached home located at 2 Factory Alley, Norfolk is currently for sale and has been available on SousaSells for 773 days. This property is listed at $1,399,900 with an estimated mortgage of $4,660* per month. It has 5 beds, 3 bathrooms, and is 1500-2000 square feet. 2 Factory Alley, Norfolk is in the Waterford neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 12, 2024
Sold price information is available to members only
Listed Date6/3/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Stucco (Plaster)
BasementFinished with Walk-Out, Full
Lot Size105 × 212 Feet
CountyNorfolk
Annual Tax$4,414
Legal DescriptionPT LT 6, 8-9 BLK 1 PL 19B AS IN NR285648; NORFOLK

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Cul de Sac/Dead End, Lake/Pond, Lake Backlot, Waterfront

Interior Features

Carpet Free, In-Law Capability, Primary Bedroom - Main Floor, Steam Room

Security Features

Community Features

Location

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2 Factory Alley, Norfolk, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 2 Factory Alley, Norfolk, ON N0E 1Y0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Norfolk.

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Interest Rate4.00%
Down Payment$419,970 (30.0%)
* Minimum Canadian down payment required for this price is $279,980.
Amortization Period30 Years
Estimated Monthly Payment$4,660Based on a loan of $979,930 over 30 years.
Purchase Price$1,399,900
Loan Amount$979,930
Provincial Land Transfer Tax:$24,473
Total Estimated Closing Taxes:$24,473

About Purchasing a Home in Norfolk, ON

For a property listed at $1,399,900 in Norfolk, the legal minimum down payment is $279,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $24,473 for this transaction. As this listing is in Norfolk (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $24,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Waterford, Norfolk.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$834,259

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.